Truckmount financing rates
- Thread starter Chris A
- Start date
One degree 7.99% - was very easy
Mark Saiger
Mr Happy!
Kipp Hardesty was fantastic to work with...I got with him through Butler...
Here is his contact info....he knows truckmounts and finances them all....very nice guy and did wonderful for us...
Kip R Hardesty
Senior Account Executive
Leasing and Fleet Management
Jefferson Leasing / The Bancorp Bank
4823 N Westbrook Dr
Peoria IL 61614
(309) 693-3164 Office
(866) 792-2835 Toll Free
(309) 713-2393 Fax
(309) 750-1270 Cell
E-mail: khardesty@thebancorp.com
Here is his contact info....he knows truckmounts and finances them all....very nice guy and did wonderful for us...
Kip R Hardesty
Senior Account Executive
Leasing and Fleet Management
Jefferson Leasing / The Bancorp Bank
4823 N Westbrook Dr
Peoria IL 61614
(309) 693-3164 Office
(866) 792-2835 Toll Free
(309) 713-2393 Fax
(309) 750-1270 Cell
E-mail: khardesty@thebancorp.com
AshleyMckendree
Supportive Member
One Degree, 3% on my Van and Pro1200,
holy crap that's a good deal.
ruff
Member
In these days of 0% interest in the bank, they wanted 7.9% if I remember correctly.
Made a lot more sense to pluck down the cash, if you can swing it.
Made a lot more sense to pluck down the cash, if you can swing it.
Kris Stevenson
Member
I would suggest financing the van and adding the equipment cost into the van's loan. When I bought my Cleanco in early 2014 I used the Costco auto program that got me in touch with a local Chevy dealerships fleet manager to get me a great no haggle price on a van. The fleet manager added into the van loan the cost of the truckmount. I believe my rate is 2.59%. It was the best car buying experience I've ever had. Everything was done over the phone and via email. When it was time to pick up the van it only took five minutes to sign the paper work and drive away.
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tcdepot
Member
A lot of it depends on what type of credit you have. If you have really good credit, it's common for us to see interest rates below 4% for both a truck mount and a new van. However, for guys without stellar credit, it'll sometimes go up to that 5% or 6% area.
One thing to also consider when looking at financing is whether the company you finance with is going to use you as a third-party guarantor or whether the credit is going to be attached to you personally. A company like Ally, who we use, makes you a third-party guarantor, which means that your personal information is nowhere on the loan, unless you don't pay on your loan. This gives you two advantages; the first is that it helps build your business credit and the second is that your personal credit doesn't take a hit.
If you'd like some more information on this, just let me know.
One thing to also consider when looking at financing is whether the company you finance with is going to use you as a third-party guarantor or whether the credit is going to be attached to you personally. A company like Ally, who we use, makes you a third-party guarantor, which means that your personal information is nowhere on the loan, unless you don't pay on your loan. This gives you two advantages; the first is that it helps build your business credit and the second is that your personal credit doesn't take a hit.
If you'd like some more information on this, just let me know.
Charlie Lyman
Supportive Member
So many different variables there. Do you want to purchase or lease? That make a difference too.
Call interlink financial and see what they can do for your situation. Honestly, they made it real easy for me.
Call interlink financial and see what they can do for your situation. Honestly, they made it real easy for me.
Desk Jockey
Member
I hate giving up cash if I can avoid it. I don't mind someone making money on me as long as it gives me the opportunity to make more money with the new equipment.
We lease most major purchases. I'll wiggle ever way I can to get the best deal for my needs. Not necessarily the best deal by accounting practices. If I can put down nothing and set a reasonable residual and a low payment, then I have what I need to make up for any added burden they hit me with to do so.
Dan
Supportive Member
I only financed a small portion of my van at 1.99%. I paid cash for SS570 and everything else in the van.
i think it also mattesr if you are doing vehicle and TM or just TM. I have good credit and as i understand it, got their "lowest" rate of 7.9 bc the only collaterial is the TM itself.
We just got zero for 72 from ford so i believe (unless i'm just a sucker) that wrapping the vehcile in gives you access to the lower rate.
commence "no you're just a sucker " replies now . .
SamIam
Member
dealtimeman
Everyday is Saturday.
Since the beating of the chests is going on, let me in please.
Bought my ss2500hs cash including all tools and the vehicle, ya I know, IM A BALLA!!!
Top down, hola back money ain't a thing!
Bought my ss2500hs cash including all tools and the vehicle, ya I know, IM A BALLA!!!
Top down, hola back money ain't a thing!
dealtimeman
Everyday is Saturday.
Hollaback
Second mortgaged our home for the dyson vacuum and sold my second borns kidney for toe nail clippings and a roach...
Hollla....
Hollla....
I can't swing it lol
Thanks for the info, I financed my Ram through Ally maybe I'll give them a buzz
Why in the world would anybody that's trying to grow their business pay cash for brand new equipment?
Desk Jockey
Member
pssst use their money and save the cash for a rainy day. Winter comes every year!
Brian H
Member
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We use Kip all the time!! Give him a call Chris to check his rates! Tell him Mark and I sent you!!! Oh and tell him I will be giving him a call very soon. I am just about done working out my 2016 purchase needs!
dealtimeman
Everyday is Saturday.
Plenti of chedda for da samwish, nawmeen!
dealtimeman
Everyday is Saturday.
No problem homie!
But seriosly your answer has been answered by the full array or different scenario of people.
If you don't have the cash then shop your loan around with a few banks don't settle with one just because some guy in the frozen north minasota says he's nice.
Also as many have stated already you will want to finance the machine on the truck loan if possible and use the lower rate of the vehicle financing over using machine financing at 7-15 percent.
But seriosly your answer has been answered by the full array or different scenario of people.
If you don't have the cash then shop your loan around with a few banks don't settle with one just because some guy in the frozen north minasota says he's nice.
Also as many have stated already you will want to finance the machine on the truck loan if possible and use the lower rate of the vehicle financing over using machine financing at 7-15 percent.
Russ T.
Supportive Member
Kip did the financing on my Cleanco/Ford too. Couldn't be easier. I think I'm at 5.9% but the setup was used. I'm pretty sure he could do better than that on a new setup.
dealtimeman
Everyday is Saturday.
No, I was actually making lite or making fun of it, because not everyone is able to pay cash, I was actually just being me, a smart ass.
Then when you called me out I took the time to consolidate everyone's post into a single post for you. That's all.
I hope I didn't ruin your day, but I will let you know it is raining here in Texas
